In this episode of SaaSTrana, host Venkatesh Sundar is joined by Sangmesh Hiremath (Founder of Marmin.AI) to discuss how application security and compliance are crucial for SaaS companies to grow in Saudi Arabia, the Middle East, and the European markets.

Holidays are around the corner, and so are the hackers. They are waiting for your relaxed mindset and reduced staff coverage. For instance, 89% of organizations reportedly experienced holiday ransomware attacks. Of these, 36% had no contingency plans, causing significant damage. Also, there is an increased risk of online fraud and phishing attacks. Scammers targeted 75% of Americans with at least one form of holiday fraud in 2021. Have you taken any steps to protect your business?

Over 22 billion records were exposed worldwide across 4145 publicly disclosed data breaches in 2021. These data breaches would be less likely if businesses strictly adhered to cybersecurity compliance. Noncompliance can have other significant consequences, including legal penalties, damage to reputation, and loss of third-party trust. Cybersecurity compliance is the one area that no business should neglect it. They have vital information to protect from hackers.

Remote work has significantly changed how employers hire and manage employees. Research shows the remote trend is only rising. 58% of US workers have the option to work remotely. More companies are leveraging talent across the U.S. and the world, making their companies stronger and more diverse.

If you look around, even a small successful DDoS attack brought down websites. It leads to data breaches and results in a huge loss. DDoS attacks on AWS (in 2020), Bandwidth.com (in 2021), and GitHub (in 2018) carry a lesson for us. DDoS attacks are among the most rapidly advancing type of cybercrime. It becomes more mature, sophisticated, and complex. In 2023, Cisco predicted the total number of DDoS attacks would be over 15 million.

Your APIs are the digital face of your business. It helps to exchange your business-critical data. Do you know the point where the information is exchanged? The answer is API Endpoint. A crucial endpoint on API where the data exchange happens. While focusing on API protection, don’t ignore API endpoints. How to secure your API endpoint? API scanning can help you secure endpoints. It also optimizes it for better reliability and performance.

Healthcare organizations collect and accumulate data rapidly. This makes data protection in healthcare so difficult. The more data you have, the more privacy and security risks there are. Data breaches can affect your organization’s reputation. They can also incur major costs. For instance, HIPPA violations can be as much as $1.5 million yearly. And they will hold you – the healthcare provider – responsible for data breaches.

Convenience. This is the key reason that businesses rely on SaaS applications. Companies worldwide were using an average number of 110 SaaS applications. All those applications have become one of the most severe security challenges. A report states that 40% of SaaS assets are vulnerable to data leaks due to poor management. SaaS-based apps are prone to massive threats, including ransomware, phishing, and malware. Even minor security incidents have damaging effects on your enterprise.

Globally, fintech firms saw 2.5 times more attacks in Q1 2022. The BFSI industry is prone to cyberattacks every day. Fintech firms carry some vital data. Cybercriminals know it. They aim to exploit your system’s flaw to access the data. The worst part is they will use it for financial fraud. A successful data breach causes penalties and reputation losses. It scares away your customers. It is even motivating cybersecurity in Fintech. How do you make a secure financial platform?

47% of customers prefer web pages that load within 2 seconds. Not only do they expect, but 40% of visitors will also leave your site if it takes more than 3 seconds to load. This makes using the right Content Delivery Network more critical for your startup. It helps to achieve quick and secure content delivery. In the market for a CDN Service? Check out these factors before choosing your CDN service provider.